Echo Protocol Joins THORChain, Verus as May Hack Count Reaches 14
BeInCrypto
Echo Protocol suffered a major exploit involving eBTC, marking the 14th crypto hack recorded in May.Summary
Echo Protocol experienced a security exploit on the Monad network where an attacker minted 1,000 eBTC. While Echo Protocol suspended cross-chain transactions and Curvance paused its affected market, Monad CEO Keone Hon clarified that the Monad network itself remained secure. This incident, following recent breaches at THORChain and Verus, brings the total number of cryptocurrency hacks in May to 14, highlighting significant security vulnerabilities in the DeFi sector.
(Source：BeInCrypto)